SIA is learnt to have asked for time until the end of next year to decide whether it wants to go ahead. Tata Sons is the holding company of the Tata Group, which took over Air India from the government earlier this year. Vistara is the only other full-service carrier in India.
"The Tatas and Singapore Airlines have discussed the merger possibility earlier this year. SIA had even agreed to join the Tata bid for Air India but because of the pandemic, it decided to back out given its poor financial condition," one of the persons aware of the development said on condition of anonymity.
SIA had waived the noncompete clause in Vistara's contract to allow the Tata Group to bid for the national carrier. Air India is now fully owned by the Tata Group, while Vistara is a 51:49 joint venture between the Tatas and SIA.
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